We have rather brash sellers who has recommended a preliminary agreement with a down payment 10k. Is it wise to enter into such agreements?

This type of preliminary agreement is not the norm in Moor Row, conveyancers will often encourage clients away from them as they detract from the main conveyancing focus and if you end up having your deposit forfeited then the solicitor is left exposed. In addition, there is no certainty that just because the seller has signed an exclusivity contract they will sell to you. They may be tempted to break the agreement if they are offered a large enough financial inducement to do so because an aggrieved party with the benefit of a lockout agreement will still be legally obliged to show losses as a consequence of the breach and these may not compare to the extra amount that the owner may secure by reneging on the agreement, no matter how morally shameful it undoubtedly is.

I am looking for a flat up to £195,000 and identified one round the corner in Moor Row I like with amenity areas and transport links in the vicinity, however it's only got 61 years unexpired on the lease. There is not much else in Moor Row in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?

If you require a mortgage the remaining unexpired lease term may be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.

Is it possible to swap solicitor as I need to find one who is on the The Mortgage Works conveyancing list. I had appointed a family conveyancing solicitor in Moor Row round the corner but he is not approved by The Mortgage Works

It would be our pleasure to help you select a conveyancing solicitor in Moor Row on the The Mortgage Works panel. Please note that the conveyancers that we work with do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who regulate all conveyancing solicitors in Moor Row. Using the find a conveyancing solicitor tool on this site, you can contrast costs for conveyancing solicitors in Moor Row and throughout England and Wales.

I am 3 weeks into a freehold purchase having been referred to a firm by the local agent to handle our conveyancing in Moor Row. I am am starting to be frustrated with the level of service. Can you you assist me in finding new solicitors?

A solicitor would have to be very poor in order to consider changing them. Has your mortgage been issued? In the event that it has you will need to inform them of the new contact details and ensure the offer are issued to the new lawyers. Your conveyancer should be on the lenders panel to avoid escalating expenses and delays. So that should be your first question of the new lawyers. The search tool can help you find a bank approved conveyancer for your home move in Moor Row

My wife and I purchased a leasehold house in Moor Row. Conveyancing and Platform Home Loans Ltd mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Moor Row who acted for me is not around. Do I pay?

The first thing you should do is make enquiries of HMLR to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to instruct a Moor Row conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I acquired a leasehold flat in Moor Row, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Moor Row with over 90 years remaining are worth £186,000. The average or mid-range amount of ground rent is £55 yearly. The lease expires on 21st October 2077

You have 52 years left to run we estimate the price of your lease extension to span between £29,500 and £34,000 as well as costs.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.